Pears Market Key Drivers, Opportunities, Leading Players And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Pears Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The pears market size has grown strongly in recent years. It will grow from $30.92 billion in 2023 to $32.35 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to consumer demand for healthy snacks and natural foods, traditional culinary uses of pears in various cuisines, the availability of different pear varieties catering to diverse tastes, the growth of the global food and beverage industry, and the and the cultural significance of pears in certain regions.

The pears market size is expected to see strong growth in the next few years. It will grow to $41.47 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing consumer awareness of the health benefits of pears, the adoption of sustainable farming practices in pear cultivation, climate change affecting pear growing regions and production, government initiatives promoting fruit consumption for public health, and rising demand for organic and locally sourced produce. Major trends in the forecast period include the expansion of pear product offerings, such as pear-based beverages and snacks; an increased focus on pear varieties with unique flavors and textures; the adoption of technology for precision farming in pear orchards; the incorporation of pears into plant-based and vegan diets; and collaboration between pear producers and chefs to promote innovative pear dishes.

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Market Drivers and Trends:

The rise in consumer health consciousness is expected to drive the pear market going forward. Consumer health consciousness refers to individuals' awareness and concern regarding their health, leading them to make informed choices about their lifestyle, diet, and consumption habits. The rise in consumer health consciousness is due to increased access to health information, growing concerns about chronic diseases, and a desire for overall well-being. Pears are nutrient-rich fruits with high fiber content, essential vitamins, and minerals, making them valuable to a health-conscious diet. Their fiber promotes digestive health and aids in weight management by boosting feelings of fullness. For instance, in May 2022, according to a survey among 1,005 Americans by the International Food Information Council (IFIC), a US-based non-profit organization that provides science-based information on food safety, nutrition, and health, around 52% of Americans followed a diet or eating pattern in 2022, a notable rise from the previous year (39% in 2021). Moreover, the increase was mainly among those under age 50 with popular diets, including clean eating (16%), mindful eating (14%), calorie counting (13%), and plant-based (12%). Therefore, the rise in consumer health consciousness is driving the pear market.

Major companies operating in the pears market are increasing their focus on developing innovative solutions, such as fruit size distribution software for pears, to capitalize on the benefits and improve their competitiveness. Fruit size distribution software is a computer program designed to analyze and visualize the distribution of sizes for pears, aiding in quality assessment and production management. For instance, in December 2022, Hectre, a New Zealand-based aggrotech company, launched Spectre Mobile Fruit Sizing for Pears. This platform features machine learning and real-time data delivery, enhancing accuracy and decision-making. Its technological advancements include eliminating manual methods and early color grading and improving efficiency and profitability in the pear market.

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Major Key Players of the Market:

Dole plc, FirstFruits Farms, Giumarra Companies, Stemilt Growers LLC, Fresh Fruits Company, Washington Fruit Growers, Monson Fruit Co., Pacific Coast Fruit Company, Chelan Fresh, The Fruit Company, Oppy, Columbia Fruit Packers Inc., Domex Superfresh Growers, Rainier Fruit Company, Westfalia Fruit (Pty) Ltd, Starr Ranch Growers, Diamond Fruit Growers, Honeybear Brands, Underwood Fruit and Warehouse Company, Gilbert Orchards, Orchard View Farms, Sage Fruit Company, CMI Orchards, Golden Bay Fruit, William H. Kopke Jr. Inc., Duckwall Fruit, Pear Bureau Northwest, HMC Farms, Orchard Fruit Co., Salix Fruits, Devos Group

Pears Market 2024 Key Insights:

• The pears market size is expected to see strong growth in the next few years. It will grow to $41.47 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• Rise In Consumer Health Consciousness Boosting Demand In The Pears Market
• Technological Innovations Propel Growth In The Pears Market
• Asia-Pacific was the largest region in the pears market in 2023

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